Contact Gold will raise (at least) C$4M in a prospectus offering

A few months after securing C$2.85M in funding in a private placement that was priced at C$0.29 per share, Contact Gold (C.V)has now (finally) nailed down the terms of its raise with the two underwriters of the pre-announced prospectus offering. Contact will raise C$4M at a fixed price of C$0.20 per share and as this is a prospectus offering, the shares will be free tradeable. It’s a straight…

Contact Gold launches its prospectus offering on the back of a high-grade gold sample

Contact Gold (C.V) has completed and announced the results of a rock chip and channel sampling program from new road cuts. The highlight of the announcement was a grab sample which contained 1.96 g/t gold in a silicified structure exposed in a new road cut, but other channel sampling results such as 73.2 meters at 0.26 g/t gold and 36.6 meters containing 0.32 g/t gold are interesting as well.

Th…

Contact Gold discovers 116,000 square meter soil anomaly

Contact Gold (C.V) is still trying to fully figure out the gold mineralization at its Pony Creek project in Nevada, and the recently encountered gold in soil anomaly may shine a new light on the exploration plans. Approximately 600 meters west from the Pony Spur discovery, Contact Gold has now identified a large soil anomaly of 200 by 580 directly west of Pony Spur.

The large anomaly hosts…